Janus Henderson merger approved
Henderson’s shareholders have approved all the resolutions by the requisite majority at the Extraordinary General Meeting, held yesterday, in connection with the recommended merger of Henderson and Janus Capital Group.
Following the meeting, the nominal value of each share in Henderson’s issued capital had been converted from £0.125 to US$0.1547 and Henderson’s unissued share capital had been cancelled.
Janus also announced that all the resolutions prosed at its stockholder meeting were passed by the requisite majority.
This means that both companies would follow the below timetable in respect of completion of the merger and the London de-listing, which stated that:
- The final day of dealings in existing Henderson shares on the London Stock Exchange (LSE) would be 26 May 2017; and
- The completion date would be 30 May 2017, on which:
- The change of name to Janus Henderson Group plc would become effective;
- The share consolidation would become effective;
- The new Janus Henderson shares would be issued to Janus stockholders;
- Trading in new Janus Henderson shares on the NYSE would commence; and
- The London de-listing would become effective.
Henderson’s chief executive, Andrew Formica, said: “With the creation of Janus Henderson Investors, we see tremendous benefits for our clients, our colleagues and our shareholders.
“As a global active investment manager, we have the breadth of capabilities and distribution reach to serve our clients better together, with the efficiency and scale to invest for future growth.”
Janus Henderson merger approved
Henderson’s shareholders have approved the merger with Janus Capital Group at the extraordinary general meeting.
[Funds Management] + MMIC
Henderson’s shareholders have approved all the resolutions by the requisite majority at the Extraordinary General Meeting, held yesterday, in connection with the recommended merger of Henderson and Janus Capital Group.
Following the meeting, the nominal value of each share in Henderson’s issued capital had been converted from £0.125 to US$0.1547 and Henderson’s unissued share capital had been cancelled.
Janus also announced that all the resolutions prosed at its stockholder meeting were passed by the requisite majority.
This means that both companies would follow the below timetable in respect of completion of the merger and the London de-listing, which stated that:
- The final day of dealings in existing Henderson shares on the London Stock Exchange (LSE) would be 26 May 2017; and
- The completion date would be 30 May 2017, on which:
- The change of name to Janus Henderson Group plc would become effective;
- The share consolidation would become effective;
- The new Janus Henderson shares would be issued to Janus stockholders;
- Trading in new Janus Henderson shares on the NYSE would commence; and
- The London de-listing would become effective.
Henderson’s chief executive, Andrew Formica, said: “With the creation of Janus Henderson Investors, we see tremendous benefits for our clients, our colleagues and our shareholders.
“As a global active investment manager, we have the breadth of capabilities and distribution reach to serve our clients better together, with the efficiency and scale to invest for future growth.”
AUTHOR
Oksana Patron
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.
